Same here. I got my uncle involved and her got his kids involved and when he was down $40,000 I blanched and told him to stay the course. Now he is up $80,000 now and his kids are all up and I feel good. This guy could buy me ten times over, but I still worried over getting him involved.
On a second note: I decided on a realty check. I ran my investment past my son who is an oil executive in Houston and he declined to get involved. He said it was like going to Vegas and having a great run. There comes a time to cash out. I told him about the due diligence on the board and he said this was a pink sheet stock and that should say it all. He reminded me that it was all unrealized gains and it could drop fast when it does and all could evaporate. I thought about the two big pullbacks we have had and how fast it did fall. We haven't got back to the .0127 that we hit on November 30th, and of course we are still in the second pullback. He has a point. Have we as a herd talked ourselves into something that is not there or should we be more circumspect and play it like a day trade?
I'm very fortunate in that if I lose it all, it will not effect my life style one bit, but I worry about those who are working hard still and putting their dreams into this and are counting on becoming millionaires while the reality is this company may not produce anything.
To all of you who are talking about giving to charities and all, let me just say that is pure bullshit and you need to quit putting the cart before the horse. You remind me of two partners I had years ago who wanted to form an insurance agency and I incorporated the business and they talked so much how certain assets were to fund their charitable aspirations that they forgot to actually make the money. The business plan was flawed at the beginning and doomed to failure and how New York Life bought it I still don't know. The point is, the money you pour in here is throw-away money. It's great to dream but keep it real.
The only reason I haven't ignored Stocknewsman is that there is some truth in his pronouncements. What you say? The truth is that this stock could crash at anytime. You don't expect it and I don't expect it, but always have one foot over the brake. I have said I'm in it all the way, but all the way for me might not be the same as for the person that can only afford 50,000 shares. We are looking for a homerun in the pink sheets and that is so rare. Remember, everyone thinks their stock is the one. Very, very, rarely is one right.
My wife who has seen me go as low as can be gone and soar high only to see it crash too is jumping all over this stock because she is already spending the money and she knows better. After all of that, I still have gotten several friends involved and nothing ends friendships like bad investments. So I tell them to be very wary, but this could be the stock. And I only tell people who can invest big and not worry about losing it. GLTA. I mean that. I always want people to succeed and better their positions.
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